SILVER - Update on Buy Opportunity - 60 min timeframe
Following our previous analysis on the daily timeframe (www.tradingview.com/...-on-Buy-Opportunity/), for those who did not have a buy limit order in place in our buy area, or did but wasn't triggered, the commodity against the dollar had a small but firm impulse to the upside, and is making a small flag correction to the downside, making what seems to be a good opportunity to buy.
Watch out for the break of said correction, placing a stop loss beneath it to optimize R/R ratio.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
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Watch out for the break of said correction, placing a stop loss beneath it to optimize R/R ratio.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing